Menu PocketGamer.biz
Search
Home   >   News

LinQ raises $2.3 million in seed funding to publish real-money games

Drive by DraftKings, Sharp Alpha Advisors, MiddleGame Ventures, and a16z Speedrun participated in the funding
LinQ raises $2.3 million in seed funding to publish real-money games
Date Type Companies Involved Size
Jun 27, 2024 investment LinQ $2.3m
  • Fintech firm has raised $3.8 million to date following last year's pre-seed investment

Dublin-based fintech company and platform LinQ has raised $2.3 million in a seed funding round to support mobile publishers looking to move into the real-money gaming sector.

The company previously raised $1.5m in pre-seed investment at the end of 2023, bringing total funding to date to $3.8m.

The latest round included Drive by DraftKings, Sharp Alpha Advisors, MiddleGame Ventures, and a16z Speedrun.

LinQ said its services for partners include publishing, operations, matchmaking, compliance, native payments and more. It claimed to be able to publish real-money titles "as quickly as four weeks" after striking a deal.

The company currently operates in 12 countries and has made strategic partnerships with games companies including Azur Games and My.Games-owned Mamboo.

Bringing in the bucks

LinQ was formed in 2023 up by the co-founder of e-commerce measurement company Profitero, Dmitry Vysotski, and Crea8ive founder, Kevin Cubitt.

In a LinkedIn post, Vysotski said he believed UGC payments and P2P transfers-as-a-service are the beginning of something "even bigger than free-to-play".

“Our mission is to enable real-life economies in games — with money, assets, transactions, and marketplaces. We believe that our infrastructure offers the building blocks for a new wave that could be even bigger than free-to-play,” he said.

Cubitt added: "Mobile gaming faces challenges, with many once-successful games struggling to maintain net-positive unit economics. While RMG stands out as the only growing category, there is currently no other working solution for top game developers to enter it quickly, except LinQ."

Drive by DraftKings CEO and managing partner Meredith McPherron commented: "We see first-hand the challenges casual gaming studios face as they search for new monetisation streams amidst rising acquisition costs in mobile gaming, however the real-money gaming sector comes rife with nuanced regulatory and technical complexities.

"LinQ’s platform solves these challenges allowing studios to efficiently tap into this rapidly growing sector offering a massive opportunity for studios to cross-sell existing, large free-to-play customer bases."

Azur Games started branching out into real-money gaming with Azur iGaming this May.